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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

LenderClose’s innovative platform and award-winning technology consolidate all necessary information for lenders into a single, comprehensive hub. By enabling credit unions and community banks to enhance their lending and underwriting processes, LenderClose promotes speed, efficiency, and an improved borrowing experience. Developed by industry professionals, LenderClose integrates decades of expertise in lending and technology. The company is at the forefront of tech-driven solutions that redefine the lending process. Committed to service excellence, LenderClose ensures that each client receives a top-notch experience. Their solutions not only boost internal productivity but also aim to deliver outstanding lending experiences. Whether managing one loan a month or thousands, meticulous attention is crucial post-funding. For instance, verifying that property taxes are current can save credit unions or community banks significant amounts of money. Ultimately, LenderClose is reshaping the landscape of lending with a focus on quality and efficiency.

Description

Monsoon utilizes advanced machine learning-based underwriting models to uncover ongoing trends that allow for the prediction of future repayment behaviors based on extensive borrower data, which includes credit bureau information, bank statements, demographics, location data, and, when available, alternative data sources. These identified trends are distinct for each lender, reflecting their specific methods in borrower sourcing, underwriting processes, and collection strategies. The machine learning system continuously “learns” from the historical portfolio and application-level data of each lender, integrating this with repayment data for every borrower within that portfolio. Monsoon CreditTech’s innovative technology is currently employed by 24 lenders who operate across diverse portfolios in both Retail and MSME lending sectors. In the Retail lending space, various loan products are supported, including Consumer Durable loans, Personal loans, loans for Four or Two-Wheelers, Home loans, and Credit Cards, thus catering to a wide array of borrower needs and financial situations. This adaptability in product offerings allows lenders to better serve their clientele while minimizing risk and optimizing repayment efficiency.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

MeridianLink Opening

Integrations

MeridianLink Opening

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

LenderClose

Founded

2016

Country

United States

Website

www.lenderclose.com

Vendor Details

Company Name

Monsoon CreditTech Technologies

Website

monsoonfintech.com/products/

Product Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Mortgage and Loans

Amortization Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages

Product Features

Insurance Underwriting and Rating

Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Casualty Insurance
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

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